Comcast Co. (CMCSA) Position Reduced by Deltec Asset Management LLC

Deltec Asset Management LLC lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 450,768 shares of the cable giant’s stock after selling 28,832 shares during the quarter. Comcast makes up approximately 3.7% of Deltec Asset Management LLC’s holdings, making the stock its 2nd largest holding. Deltec Asset Management LLC’s holdings in Comcast were worth $18,053,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CMCSA. Wealthcare Advisory Partners LLC acquired a new stake in Comcast in the 3rd quarter worth about $104,000. Vigilant Capital Management LLC lifted its stake in shares of Comcast by 474.2% in the 4th quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock valued at $104,000 after purchasing an additional 2,134 shares in the last quarter. Clear Perspective Advisors LLC lifted its stake in shares of Comcast by 100.1% in the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 1,362 shares in the last quarter. MPS Loria Financial Planners LLC acquired a new position in shares of Comcast in the 2nd quarter valued at about $107,000. Finally, Tower View Investment Management & Research LLC acquired a new position in shares of Comcast in the 4th quarter valued at about $109,000. 83.59% of the stock is currently owned by hedge funds and other institutional investors.

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Comcast Co. (NASDAQ:CMCSA) opened at $36.96 on Tuesday. The company has a market capitalization of $172,450.55, a P/E ratio of 18.02, a P/E/G ratio of 1.34 and a beta of 1.16. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86. Comcast Co. has a 52-week low of $34.78 and a 52-week high of $44.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. The firm had revenue of $21.92 billion for the quarter, compared to analyst estimates of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. Comcast’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 EPS. analysts predict that Comcast Co. will post 2.52 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, April 3rd. This is an increase from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a yield of 2.06%. Comcast’s payout ratio is currently 13.21%.

In other Comcast news, EVP Arthur R. Block sold 5,630 shares of Comcast stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $39.89, for a total transaction of $224,580.70. Following the sale, the executive vice president now directly owns 71,664 shares in the company, valued at approximately $2,858,676.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of Comcast stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the sale, the chairman now owns 1,711,798 shares in the company, valued at $66,195,228.66. The disclosure for this sale can be found here. Insiders have sold a total of 915,605 shares of company stock worth $35,906,374 over the last 90 days. 1.28% of the stock is owned by company insiders.

Several equities analysts have recently weighed in on the company. Pivotal Research reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Comcast in a research note on Wednesday, January 24th. Bank of America lifted their price objective on Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. TD Securities lifted their price objective on Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Wells Fargo & Co lifted their price objective on Comcast from $49.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Finally, Barclays set a $43.00 price objective on Comcast and gave the company a “buy” rating in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $50.39.

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Comcast Profile

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

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